President Obama increased pressure on China to immediately revalue its currency on Thursday, devoting most of a two-hour meeting with China’s prime minister to the issue and sending the message, according to one of his top aides, that if “the Chinese don’t take actions, we have other means of protecting U.S. interests.”Obama is turning up the heat for China, who has basically sat back and watched the U.S. lose most of its money to them, and his threat demonstrates exactly the type of leadership and confidence that needs to be exhibited by every single American. Obama, with this risky move, is really becoming a leader now, and he is coming into position, whereas, at this same time last year, he was solely trying to please the world. Obama's bold, confident and almost arrogant attitude is an attempt to boost U.S. morale and comes at a time when the U.S. and its people truly do need a significant morale boost. I admire this move that Obama has made because it demonstrates to China, and the rest of the world, that, although the U.S. is in a recession of considerable size, we are still one of the world's superpowers, and that until we finally return as influential as we were in the 90's and previous, we will continuously keep fighting. It will be very interesting to examine China's response to this issue, because they will either see this as an act of showy arrogance by an extremely weakened country, or they will take us seriously because, in spite of everything, the U.S. remains an influential and significant power in the world.
The Latest in the Government and Economics of the U.S. and the Rest of the World
Friday, September 24, 2010
The U.S. Now Pressuring China--Oh, How the Tables Have Turned
While China has been and still is in complete control over the United States ever since our economy plummeted and we started to move jobs offshore and borrow money from China, the new, rising world superpower, President Obama is taking a bold step by turning the tables on China, now making them feel the pressure that the U.S. does. In the September 23, 2010 issue of the New York Times, David E. Sanger explains in his article, "With Warning, Obama Presses China on Currency," that Obama is now taking a position confidence and power, even though America may have even tougher times ahead, and may be headed for more trouble as a result of the failing economy.
Labels:
America,
China,
President Obama,
recession,
United States
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